Steel Market Production Cuts – Chinese steelmaker Jinxi Iron & Steel plans to conduct maintenance on its 550 cubic meter blast furnace in August and September for an 80,000-90,000 tonne reduction in pig iron output.
Steel Market Production Cuts – Chinese steelmaker Echeng Steel has stopped production on a blast furnace that will reduce output by 60,000 tonnes per month.
Steel Market Production Cuts– Chinese steelmaker Tonghua Steel is performing maintenance on a blast furnace for seven days that will reduce output by 2,300 tonnes per day.
Steel Market Production Cuts – Chinese steelmaker Shougang is shutting its wire rod production line for maintenance, resulting in lost output of 15,000 tonnes.
Steel Market Production Cuts – Chinese steelmakerAnshan’s subsidiary Anling plans to conduct maintenance on its 2,600 cubic meter blast furnace for 10 days in late August for a 50,000 tonne total reduction in pig iron output.
Steel Market Production Cuts – Italian steelmaker Ilva received an order from prosecutors to partially stop production at their 11 million tpy capacity plant in Taranto, Italy due to pollution from the plant and technicians reportedly entered the plant on Monday to investigate how hot steel production can be shut down.
Steel Market Production Increase – A joint venture between Vallourec and Sumitomo do Brasil has recently opened a new OCTG line with 1 million tpy of crude steel capacity and 600,000 tpy of seamless OCTG capacity.
Steel Market Production Increase – Chinese pipemaker Panyu Chu Kong Steel Pipe has announced the successful production of its first welded pipes from its new 300,000 tpy welded pipe mill.
Steel Market Production Cuts – Commissioning of Al Tanmiya for Steel Industries new 300,000 tpy rebar and 450,000 tpy billet capacity mill and EAF meltshop in Iraq has been delayed from its hoped for July start-up due to insufficient power supply.
Steel Market Production Increase – A private equity group inEgyptplans to re-commission a 250,000 tpy wire and rod mill in November.
Sources: Steel Business Briefing, Metal Bulletin, American Metal Market, SteelOrbis
